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17 September, 21:19

Aacsb 40. orono corporation manufactured inventory in the united states and sold the inventory to customers in canada. gross profit from the sale of the inventory was $300,000. title to the inventory passed fob: destination. how much of the gross profit is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year?

a. $300,000

b. $150,000

c. $0

d. the answer cannot be determined with the information provided.

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Answers (1)
  1. 17 September, 21:46
    0
    As far as I can see my best guess would be d there is not enough information.
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